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When To Buy BP?


               
2010 Jun 21, 2:53am   2,241 views  3 comments

by OnTheFence   follow (0)  

BP is trading at 30.76 right now.

They're one of the lower priced oil company buys, they've got the presidents ear, a good portion of British citizens have significant portions of their pension tied into BP.

While I don't make a habit of investing in one particular company, I decided to take a shot with BP and bought in at $6k (it's a lot for me!).

Thoughts?

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3   EBGuy   @   2010 Jul 15, 6:51am  

OTF, Congrats on your trade (hope you didn't go with E-man's stop loss :-O )
That said, even I'm net positive now (with a much higher buy in price), and will probably look to put in a stop (we'll see what it opens at). Waitin' for that dividend check...

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